Taiwan Semi's Supplier Dismisses Selloff, Projects Strong AI Growth Surge
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSM) and its suppliers are optimistic about AI-driven growth despite recent selloffs in the semiconductor sector. Scientech Corp CEO expects strong sales growth in 2024, driven by AI chip demand for Nvidia. TSM's stock has risen over 70% in the past year.
September 05, 2024 | 3:59 pm
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NEUTRAL IMPACT
AMD experienced a 6% decline amid a broader semiconductor selloff. However, the AI-driven growth in the sector could benefit AMD in the long term.
AMD's decline is part of a broader sector trend. While not directly mentioned in AI growth projections, the sector's overall growth could positively impact AMD.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Nvidia's recent second-quarter results disappointed, leading to a selloff. However, demand for AI chips remains strong, with suppliers like Scientech Corp expecting growth.
Despite recent selloffs due to disappointing earnings, Nvidia's role in AI chip demand suggests potential recovery. Supplier optimism indicates continued demand.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Apple supplier Foxconn reported strong growth, reflecting AI demand. This indicates potential positive impacts on Apple's supply chain and product offerings.
Foxconn's growth due to AI demand suggests a robust supply chain for Apple, potentially benefiting Apple's product offerings and market position.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to TSM's growth through the SPDR S&P Emerging Asia Pacific ETF (GMF), which includes TSM in its holdings.
GMF includes TSM, which is experiencing significant growth. This ETF provides a way for investors to benefit from TSM's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
The ProShares Nanotechnology ETF (TINY) offers exposure to TSM's growth, benefiting from the AI-driven semiconductor market expansion.
TINY includes TSM, which is poised for growth due to AI demand. This ETF allows investors to capitalize on TSM's market expansion.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co (TSM) is optimistic about AI-driven growth, with expectations of strong sales in 2024. Despite recent selloffs, TSM's stock has risen over 70% in the past year.
TSM is directly involved in AI chip production, and the CEO's positive outlook suggests strong future performance. The stock's significant rise over the past year indicates investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100